CME prepares to debut ethanol RIN contract

04/9/2013 | Bloomberg

CME Group plans to launch a contract for ethanol Renewable Identification Numbers in the coming months, in response to the added attention the product has received, CME spokesman Damon Leavell says. "The recent volatility in RIN prices has introduced a whole new set of risk management challenges that the market will need to address," said Michael Breitenbach of Blue Ocean Brokerage. Several lawmakers have expressed concerns over volatility in the RIN markets and how it affects gas prices.

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